Property, Plant and Equipment

12 Months Ended

Jan. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 6—Property, Plant and Equipment

Property, plant and equipment consist of the following:

	January 31,
	2024			2023
(In thousands)
Land and Land Improvements	$	2,304		$	2,304
Buildings and Leasehold Improvements		14,381			14,158
Machinery and Equipment		26,123			24,960
Computer Equipment and Software		14,238			13,972
Gross Property, Plant and Equipment		57,046			55,394
Accumulated Depreciation		(42,861	)		(41,106	)
Net Property Plant and Equipment	$	14,185		$	14,288

Depreciation expense on property, plant and equipment was $1.8 million, $2.0 million and $1.7 million for the years ended January 31, 2024, 2023 and 2022, respectively.

During fiscal 2022, we wrote-off our Oracle EnterpriseOne enterprise resource planning (“ERP”) system due to the full implementation of a new ERP system in our US operations. The book value and related accumulated depreciation of the ERP system along with the balance of the related prepaid service and maintenance contracts were removed from the accompanying consolidated balance sheet at January 31, 2022, and we recorded a net loss on the disposal of $0.7 million, which is included in other income (expense) in the accompanying consolidated income statement for the year ended January 31, 2022.